AGCO, Your Agriculture Company (NYSE: AGCO), a worldwide manufacturer and distributor of agricultural equipment, and Russian Machines, part of the Basic Element group and one of the leaders in the Russian machinery sector, today announced the creation of a new joint venture in order to manufacture and distribute agricultural equipment and replacement parts in Russia. AGCO and Russian Machines plan to make a total investment of approximately US$ 100 million in the joint venture over the next three years.
Read More